News
The Tulsa Regional Chamber received Bronze Rank in the category of Economic Development Organization of the Year, an award program presented annually by the International Economic Development Council (IEDC). The award was announced this week at a ceremony during IEDC’s Annual Conference in Nashville, Tennessee.
“The winners of IEDC’s Excellence i...
Catoosa, Okla. – Lyseon North America Inc. (LNAI) today announced plans to set up a plant and commence operations at the Tulsa Port of Catoosa, in Rogers County, Oklahoma. The company offers a broad range of services in engineering, metal stamping, welding and coating, mainly for the US automotive industry...
Three entities geared to encourage economic development in Oklahoma were named Thursday among organizations nationwide selected to receive grants from the U.S. Department of Commerce.
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Official expects state economic 'explosion'
Sep 27 2021A labor shortage and supply chain disruptions continue to hamper Oklahoma’s economy as it tries to shrug off the lingering effects of COVID-19, but the state’s top economic development officer says he expects “some pretty big explosions in GDP over the next couple of years.”
“Personally, I’m very bullish on wher...
Before he spoke Tuesday at a news conference, local developer Antoine Harris asked attendees to take a moment and drink in their surroundings: a wooded, undulating landscape with a direct view of Tulsa’s downtown skyscrapers.
“This location is very unique,” Harris said of the site at 36th Street North and Nort...
Apiece of Brutalist architecture just south of downtown is being reimagined.
A local group is converting the former Boulder Plaza Apartments and River Parks Lofts, 1840 S. Boulder Ave., into an 82-unit boutique hotel called The Brut, said Kimberly Honea, vice president of hospitality and development with Tulsa-based Sharp Development.
Sharp Developmen...
Local company helps raise $1.2 million for San Antonio medication start-up relocating to Tulsa
Jul 15 2021Helped by local firm Atento Capital, a San Antonio, Texas, medication management start-up company is moving to Tulsa.
PatchRx, which was founded by Andrew Aertker and Gavin Buchanan while they were students at Trinity University in San Antonio, has settled into a space at 36 Degrees North’s Camp II at 30...
Tulsa & Oklahoma City, OK – July 13, 2020 – Tulsa and Oklahoma City ranked 15 and 24, respectively, on CBRE’s list of up-and-coming North American tech-talent markets on CBRE’s annual Scoring Tech Talent report, which ranks 75 U.S. and Canadian markets according to their ability to attract and grow tech talent.
Tulsa’s tota...
The Osage Nation and Fab Lab Tulsa have been awarded a total of $2.5 million in federal grants for improvements in a drone program and digital systems, respectively.
The awards, announced Thursday by U.S. Secretary of Commerce Gina M. Raimondo, are through the Commerce Department’s Economic Development Administration. They include:
$2.1 millio...
South Central state Oklahoma has hit the “on” switch to attract a new generation of electric automotive companies and plants.
Your Mechanic.com has ranked Oklahoma as the most EV-friendly state to own an electric vehicle. The State has also introduced a number of incentives to attract automotive investment.
The incentives and othe...
Proposed distribution center "Project Murphy" planned on 50-acre area near Tulsa International Airport
Jun 26 2021An undisclosed company is eyeing a distribution center site near Tulsa International Airport, about half a mile from where Amazon plans to build an operations facility.
The infrastructure development process is under way for “Project Murphy,” which is described as a single-tenant, industrial warehouse/distribution facility at 4200 N. Mingo Road, accordin...
Tulsa named 2nd most affordable big city
Jun 24 2021Tulsa was recently named the 2nd most affordable big city in the U.S. by Rocket Homes.
To find the most affordable big cities in the U.S., Rocket Homes reviewed the Council for Community and Economic Research’s data on cost of living. The C2ER’s 2019 Q2 Cost of Living Index analyzes the prices o...
TULSA, Oklahoma - One week after California-based Canoo announced they would be building an electric vehicle manufacturing facility in Oklahoma, others in the EV industry are excited for the future of the industry.
"Canoo is one of the leaders in this transformation that is going on in the vehicle market," said Davi...
'Beginning of a new wave': MidAmerica Industrial Park wants to capitalize on Canoo investment in Pryor
Jun 18 2021PRYOR — The principals responsible for bringing electric vehicle maker Canoo and 2,000 jobs to MidAmerica Industrial Park did manage to enjoy a champagne toast Thursday.
But they aren’t about to get dizzy with complacency.
Instead, they plan to take Canoo’s $400 million investment and cash in on the momentum, MAIP CE...
Today, officials at MidAmerica Industrial Park announced its newest mega-employer, Canoo, Inc. (NASDAQ: GOEV), a company manufacturing innovative electric vehicles (EVs). According to a news release issued by the company today: “Canoo’s 400-acre campus will be in the Tulsa area at MidAmerica Industrial Park, a 9,000-acre industrial complex strategically locate...
OKLAHOMA CITY – During the 2021 regular session for the Oklahoma State Legislature, the Oklahoma Department of Commerce worked with law makers on proposed legislation that would strengthen the state’s economic development efforts and increase opportunities for Oklahoma communities to attract new jobs and investment. The results were a histori...
Scores of the nation’s Black financial heavyweights gathered in Tulsa to discuss how to close the racial equity gap and erase inequalities in accessing money.
Staged at the Cox Business Convention Center and presented by Tulsa-based Bank of Oklahoma, Nationwide and JPMorgan Chase, Economic Empowerment Day was held in conjunction with th...
On April 27, the Oklahoma Department of Commerce (Commerce) opened applications for the Oklahoma Innovation Expansion Program (OIEP). Applications closed on Friday, May 7. During the application period, Commerce received 137 submissions requesting $24.7 million for projects. Of those applications, 108 projects received awards ranging from $25,000 to $150,000 with the tota...
Tulsa May Just Be The Next Big Startup City
Jun 1 2021Mike Bodulow and Megan Villanueva never thought they’d find themselves in Oklahoma, let alone settling down and buying a home there. The two hail from the Bay Area and were living in Washington D.C. for Megan’s job until December 2018 when the two wanted a change of pace.
“We just move...
Tulsa’s Black Wall Street Booms Again
May 28 2021One hundred years ago, a dollar would change hands 30 to 100 times in the Greenwood District of Tulsa, Oklahoma—moving from the till of one thriving business to another. That all came to an end on May 31, 1921, when a white mob descended on the community and killed over 200 o...
City, economic groups plan to pour $4 million into new Greenwood entrepreneurial services
May 27 2021The city of Tulsa, Tulsa Economic Development Corporation (TEDC) and Tulsa Development Authority (TDA) announced plans to provide $4 million to support the Greenwood Entrepreneurship Incubator @ Moton (GEIM) in north Tulsa.
The Tulsa City Council is expected to vote on the budget amendment authorizing the expenditure at its regular meeting Wednesday.
Th...
Life Sciences Fueling Construction Demand
May 19 2021In a time of widespread economic upheaval, the life sciences industry is one of the few whose prospects have changed for the better. Called upon to rapidly develop and distribute an all-important COVID-19 vaccine without sacrificing the research and production of existing drugs, the biotech industry is expanding at breaknec...
Area Development’s staff editor Mark Crawford recently asked Ericsson’s Dan Kerber, vice president of digital services business operations for North America — who helps companies improve their financial and operational metrics through improved resource management processes — about his thoughts on leadership, especially the need for “soft skills” during th...
The Covid-19 pandemic has affected every facet of our economy, increasing a cultural reliance on e-commerce that is here to stay. Retailers have responded by minimizing square footage of brick-and-mortar store fronts, keeping less inventory on site, and focusing more on entertainment and experiential retail to keep shoppers engaged. A...
